Carbon-Capture Firm Deep Sky Gets $55 Million of New Capital (1)

A Canadian startup raised $55 million from venture capital firms and governments to begin a carbon-capture plant in Quebec, using early-stage technology that aims to suck millions of tons of emissions out of the atmosphere and oceans.

Deep Sky Corp.was founded by Frederic Lalonde, chief executive officer of Hopper Inc., a Montreal-based air-travel application company that’s one of Canada’s most valuable technology startups.

A rendering of plans for Deep Sky’s carbon-capture plant in Quebec.

Source: Deep Sky

Whitecap Venture Partners, BrightSpark Ventures, the venture arm of Ontario Municipal Employees Retirement System, and the Canadian and Quebec governments participated in the Deep Sky funding round for its first ...